top of page
Search

Miscellaneous Deductions Suspended Beginning January 1, 2018

  • cpaboca1040
  • Oct 1, 2018
  • 1 min read

Miscellaneous deductions subject to the 2% floor of Adjusted Gross Income are now suspended

and not deductible. These include tax preparation fees, legal fees, safe deposit box fees, investment fees and convenience fees for using a credit or debit card to pay your taxes.


 
 
 

Recent Posts

See All
GIFT PLANNING

Are you in a “gift giving” mood? If so, if gifting by check, the funds must clear your account in 2020. Give your gifts early enough....

 
 
 

Comments


Previous Tax Tips

Tax Tip of the Month

Tax Tip of the Month

TAX TIME IS ALL THE TIME®  is a registered trademark of Sidney M. Schuchman, CPA © 2021

bottom of page